Reinsurance News
Terrorism reinsurance
Insurers to access Terrorism Reinsurance Pool as Bondi Beach attack declared a terrorism incident
16th December 2025
The Bondi Beach attack on December 14th has been declared a terrorism incident for insurance purposes under the Terrorism and Cyclone Insurance Act 2003 (TCI Act), activating the Terrorism Reinsurance Pool (TRP) as the Insurance Council of Australia (ICA) declares the attack a significant event. The declaration made by the Treasurer ... Read the full article
UK SMEs underprepared for terrorism risk, warns Pool Re
28th November 2025
Pool Re, the UK’s largest terrorism reinsurer, has highlighted the significant terrorism insurance gap among small and medium-sized enterprises (SMEs), with industry experts calling for terrorism cover to be reinstated as a standard feature of commercial property insurance to better protect SMEs and ensure business continuity. At its annual Market Event, ... Read the full article
Deterministic models key for reinsurers to secure better-informed terror strategies: Lockton Re & Blackthorn
13th November 2025
The stability and predictability that have defined terrorism insurance for decades is challenged by a rapidly changing threat landscape, calling into question the validity of long-standing assumptions around terrorism events that underpin scenario modelling and pricing strategies. This assessment comes from a new report, ‘Beyond the Blast: Capital Management of Tomorrow’s ... Read the full article
Markel appoints Clarice Francis as Operations Manager for War & Terrorism
30th September 2025
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Clarice Francis as Operations Manager for War and Terrorism. In this role, Francis will focus on enhancing operational efficiency within the International War and Terrorism team, working closely with management, claims, actuarial, and product development departments to ... Read the full article
Optio Group launches enhanced political violence and terrorism coverage
2nd June 2025
Optio Group (Optio), an independent specialty managing general agent (MGA), has announced the successful rollout of its new political violence and terrorism (PVT) binders. The product offers a coverage limit of USD 150 million, designed to safeguard businesses and organisations against a wide range of physical and financial risks. An optional ... Read the full article
Pool Re secures £100m of terrorism retrocession coverage with latest cat bond
8th April 2025
Pool Re, a UK-based provider of terrorism reinsurance, has successfully completed the placement of its third catastrophe bond, Baltic PCC Limited (Series 2025-1), which provides the reinsurer with £100 million of collateralised retrocession protection. This new issuance reinforces Pool Re’s ongoing commitment to shielding UK taxpayers from the financial impact ... Read the full article
Pool Re completes transition to modernised cat treaty reinsurance scheme
1st April 2025
With the support of its Members, regulators, and HM Treasury, Pool Re, Great Britain’s government-backed terrorism reinsurer, has completed its transition to a modernised catastrophe treaty reinsurance scheme. Originally announced in March 2024, the new scheme intends to enable Pool Re to better serve its Members by addressing the evolving ... Read the full article
IQUW introduces Active Assailant insurance in partnership with Crisis24
20th March 2025
Specialty insurer and reinsurer IQUW has introduced a new Active Assailant insurance offering in collaboration with Crisis24, a crisis response specialist. This product is designed to provide coverage for physical attacks perpetrated by individuals or groups using weapons like guns, knives, vehicles, or drones, aimed at inflicting harm, injury, death, or ... Read the full article
Pool Re initiates consultation on reintegration of terrorism coverage for SMEs
10th March 2025
Pool Re, the UK’s government-backed reinsurer for terrorism-related risks, has launched a market consultation aimed at exploring the possibility of including terrorism coverage as a standard feature in commercial property insurance for small and medium-sized enterprises (SMEs). The consultation, which will run until April 2025, seeks input from Pool Re’s members, ... Read the full article
Pool Re may seek more private market retro after changes to agreement with HM Treasury
10th February 2025
As Pool Re, the UK’s government-backed terrorism reinsurer, prepares for its renewal, changes to the company's retrocession agreement with HM Treasury suggests the reinsurer could require much more private market retrocession coverage when compared with previous years. Today, HM Treasury, the UK government's economic and finance ministry, published the retrocession agreement ... Read the full article
French terror risk pool GAREAT diversifies sources of reinsurance with first catastrophe bond
4th November 2024
GAREAT, the French terrorism risk insurance pool, is sponsoring its first catastrophe bond, Athéna I Reinsurance DAC, to diversify its sources of reinsurance risk capital, as reported by our insurance-linked securities (ILS) focused sister publication, Artemis. Established in 2002 as a public-private partnership market structure, GAREAT, or Gestion de l’Assurance ... Read the full article
ARPC reports strong operating result of $710m for FY 2023-24
28th October 2024
The Australian Reinsurance Pool Corporation (ARPC), a government-backed provider of reinsurance for terrorism-related risks, has released its 2023-24 Annual Report, posting an operating result of $710.1 million. During this time, ARPC received a total of $1.1 billion in gross written premiums and net assets of $1.67 billion under management. Dr. Christopher Wallace, ... Read the full article
Abundant capacity and evolving risks drive shifts in terrorism insurance market: Guy Carpenter
11th September 2024
According to a recent Global Specialties market update by Guy Carpenter, a global risk and reinsurance specialist, several significant trends have emerged in the terrorism and political violence insurance markets. While rates in the direct terrorism market had been rising in recent years, an abundance of capacity has now led to ... Read the full article
Pool Re selects Aon Securities & Howden Capital Markets for ILS advisory contract
22nd August 2024
Pool Re, a UK terrorism reinsurer, announces that following a competitive tender process, it has selected Aon Securities Limited and Howden Capital Markets and Advisory for an insurance-linked securities (ILS) advisory contract. Previously, Pool Re has secured reinsurance protection through catastrophe bonds, successfully raising a total of £175 million in ILS ... Read the full article
Beyond Risk establishes strategic partnership with Eirion Risk
28th June 2024
Beyond Risk Topco Holdings, a provider of alternative risk financing solutions, has announced a strategic partnership with Eirion Risk Underwriters, a Managing General Agent (MGA) in specialty insurance placement. Eirion Risk was founded by industry experts Kellan and Casey Quinn, and particularly specialises in builders risk, property, terrorism, and CAT deductible ... Read the full article
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